“The actions we took to serve strengthen a core business and allege a prophesy for personal mobility done 2017 a transformative year,” pronounced GM CEO Mary Barra, in a release. “We will continue executing a devise and reshaping a association to position it for long-term success.”

Shares were prosaic in premarket trading.

GM reported a net detriment of $4.9 billion, or $3.46 per share, down from a distinction of $2.1 billion, or $1.36 per share.

The detriment in a latest duration enclosed a $7.3 billion assign tied to taxation law changes, and $6.2 billion assign from a sale of GM’s European brands, Opel and Vauxhall, a association said. Excluding one-time items, a association warranted $3.1 billion, or $1.65 per share, in a latest period, outpacing researcher expectations of $1.38 per share.

In 2018, GM expects to advantage from sales of of a newly rested crossovers, a Chevrolet Traverse, Buick Enclave and GMC Terrain. The association also skeleton to entrance a Cadillac XT4 crossover.

GM and a partners will launch 15 models in China in 2018, underneath a Cadillac, Buick, Chevrolet, Baojun and Wuling brands.

Like a U.S. opposition Ford, GM is focusing some-more of a courtesy on high-margin trucks and SUVs, and is funneling income into new technologies, such as unconstrained vehicles. In January, a association pronounced it is seeking sovereign capitulation for a self-driving car.

GM skeleton to spend some-more than $8 billion in collateral expenditures in 2018, $1 billion of that it skeleton to spend on unconstrained vehicles.

Shares of a association have risen some-more than 12 percent in a final year.